On August 3, 2018, Fision Corporation and Continuity Logic, L.L.C. entered into an Agreement and Plan of Merger. Under the terms of the Agreement, Fision will acquire Continuity Logic by means of a merger transaction pursuant to which Merger Sub will merge with and into Continuity Logic pursuant to New Jersey law, resulting in Continuity Logic being the surviving entity of the Merger and concurrently becoming a wholly owned subsidiary of Fision. Completion of the Merger will result in Fision owning all of the equity interests in Continuity Logic. Concurrent with the Merger becoming effective, Fision will have five directors, consisting of: Michael Brown and John Bode, both of whom currently serve as directors of Fision; Peter Christensen and Tejas Katwala, both of whom currently serve as directors of Continuity Logic; and Laurence Mascera, who currently serves as the President and Chief Operating Officer of Continuity Logic. After the consummation of the Merger, Mr. Christensen will serve as Chairman of the Board of Directors of Fision.